The Ukrainian economic minister also indicated progress and intention to sign the mineral deal.
President Trump’s administration recently reduced its estimate of U.S. aid for Ukraine from $300 billion to $100 billion to facilitate the rare earth minerals agreement. President Donald Trump said last week that an agreement had been reached and that the arrangement would be formalized on April 24.
This decision came after Ukrainian President Volodymyr Zelensky hosted NATO Secretary General Mark Rutte at the port city of Odessa, which was severely damaged by a drone attack launched by Russia.
Ukrainian Minister of the Economy Yulia Svyrydenko also stated last week that “a positive new step has been made in the ongoing progress with the United States on the Economic Partnership Agreement and the creation of an investment fund for the reconstruction of Ukraine.”
Ukraine contains over 20 critical minerals that the United States is interested in obtaining, including titanium, lithium, and uranium. The minerals are needed for the American military, energy, and nuclear power sectors. Treasury Secretary Scott Bessent indicated that the agreement is “substantially what we agreed upon previously.“
As the Lord Leads, Pray with Us…
- For President Trump as he seeks alternate sources of critical minerals during the tariff escalations and export restrictions from China.
- For wisdom for U.S. officials as they prepare the formal agreement for signing with Ukraine leaders.
- For Treasury Secretary Bessent as he participates in trade negotiations with foreign nations.
Sources: The Independent, NY Post, MSN
